Louisiana Citizens Property Insurance Corporation


LA Citizens achieved reinsurance savings with Pelican III Re cat bond

Louisiana Citizens Property Insurance achieved attractive savings at its reinsurance renewal thanks to strong investor support for its $100m Pelican III Re Ltd. (Series 2015-1), the insurers third catastrophe bond transaction.The $100m Pelican III Re 2015-1 cat bond secured Louisiana Citizens a fully-collateralized source of per-occurrence reinsurance protection for named read the full article →

Pelican Re 2013 cat bond features novel on-request drop-down

In our discussions with market participants this week we've managed to glean a few more details about the recently launched second catastrophe bond from Louisiana Citizens Property Insurance Corporation, the coastal windstorm insurer of last resort. The Pelican Re Ltd. Series 2013-1 cat bond launched late last week and sees read the full article →